Posts for Ticker ‘TXT’

Are CBS (CBS) And Sprint (S) At Risk For Bankruptcy?

bearAudit Integrity, a research firm, has come out with a list of the large American companies which are most likely to go bankrupt in the next year. The data behind the figures seem valid, but some of the companies on the list which include CBS (CBS), Sprint (S), AMD (AMD), and Sirius XM (SIRi) seem improbable candidates.

The corporate communications staffs of these companies and their outside public relation firms will tell their managements to keep quiet and not react. A reaction, they will argue, just makes it look like Audit Integrity knows what it is doing and that there is some validity to their analysis. Audit Integrity is probably counting on that. It will get a lot of exposure for the study and little ,if any, legitimate criticism.

Audit Integrity says its research services support risk management practices that help investors, insurers and others lower risk and improve performance with objective ratings and reports.

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Posted on: September 18, 2009 – 2:34 pm in Research, , , , , , , , , , , , , , , , , ,

Top Analyst Upgrades and Downgrades (BIIB, FRX, GENZ, GILD, HOLX, LVS, MOS, NVAX, RIG, TXT)

These are the top ten analyst research initiations, upgrades, and downgrades we have seen from top Wall Street firms early this Wednesday morning:

Biogen-Idec (BIIB) Started as Underperform at BofA/Merrill Lynch.
Forest Labs (FRX) Cut to Hold at Needham.
Genzyme (GENZ) Started as Buy at BofA/Merrill Lynch.
Gilead (GILD) Started as Buy at BofA/Merrill Lynch.
Hologic (HOLX) Cut to Hold at Canaccord.
Las Vegas Sands (LVS) Raised to Buy at Argus.
Mosaic (MOS) Started as Sector Perform at CIBC.
Novavax (NVAX) Cut to Market Perform at Rodman & Renshaw.
Transocean (RIG) Started as Outperform at BMO Capital.
Textron (TXT) Raised to Conviction Buy List at Goldman Sachs.

JON C. OGG

Posted on: September 2, 2009 – 8:21 am in Analyst Calls, , , , , , , , , ,

Disappearing Dividends At America’s Best-Known Companies II (GE, PNC, IP, TXT, JPM)

Back in mid-February we discussed the latest trend of big-name companies slashing their dividends and how the trend will likely grow. Well it is growing, and fast.

In this horrible market, dividends have been one of the few saviors for investors, but increasingly shareholders can no longer count on the payouts from many well-known corporate leaders.

Read more…

Posted on: March 3, 2009 – 10:22 am in Uncategorized, , , , ,

Top Pre-Market Analyst Downgrades (BPT, BSY, DELL, ETR, HTE, IFX, NVLS, PM, POWI, SBR, TXT, THQI)

Burning_money_picThese are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Thursday morning:

  • BP Prudhoe Bay Royalty (BPT) Cut to Sell at Citigroup.
  • British Sky Broadcast (BSY) Cut to Neutral at UBS.
  • DELL (DELL) Cut to Underweight at JPMorgan.
  • Entergy (ETR) Cut to Neutral at JPMorgan.
  • Harvest Energy Trust (HTE) Cut to Sell at Citigroup.
  • Infineon (IFX) Cut to Underweight at JPMorgan.
  • Novellus Systems (NVLS) Cut to Neutral at Bank of America-Merrill Lynch.
  • Philip Morris International (PM) Cut to Neutral at Credit Suisse.
  • Power Integrations (POWI) Cut to Neutral at Piper Jaffray.
  • Sabine Royalty Trust (SBR) Cut to Sell at Citigroup.
  • Textron (TXT) Cut to Neutral at JPMorgan.
  • THQ Inc. (THQI) Cut to Neutral at Piper Jaffray.

Jon C. Ogg
February 5, 2009

Posted on: February 5, 2009 – 7:47 am in Analyst Calls, , , , , , , , , , , ,

The 52-Week Low Club (BAC)(GE)(TXT)(FITB)(HBAN)

Sad_clownBank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81.

GE (GE) Drops to $11.19 on concerns about recession and the balance sheet of its financial unit. The 52-week high is $38.52.

Textron (TXT) Draws down $3 billion on credit line. Sells down to $5.68 from 52-week high of $65.52.

Fifth Third Bancorp (FITB) Drops on rising concerns about regional bank liquidity. Down to $1.47 from 52-week high of $27.10.

Huntington (HBAN) Another regional bank. Cuts jobs. Drops to $1.37 from 52-week high of $13.58.

Douglas A. McIntyre

Posted on: February 4, 2009 – 3:53 pm in HI/LOW, , , , ,

The 52-Week Low Club (TXT)(EK)(DOW)(BDK)(WBSN)

Sad_clownTextron (TXT) Weak earnings outlook. Drops to $8.83 from 52-week high of $65.52.

Eastman Kodak (EK) Poor earnings and layoffs. Down to $5.01 from 52-week high of $20.91.

Black & Decker (BDK) Cuts jobs. Cuts outlooks. Sells off to $31.02 from 52-week high of $74.24.

Dow Chemical Company (DOW) More concerns about finances and Rohm & Haas (ROH) buyout.

Websense (WBSN) Poor fourth quarter results. Dips to $11.38 from 52-week high of $24.60.

Douglas A. McIntyre

Posted on: January 29, 2009 – 3:52 pm in HI/LOW, , , , ,

The 52-Week Low Club 7/21/2008 (ARTC)(SFI)(TXT)

Sad_clownTextron (TXT) Tough earnings and a downgrade from UBS. Falls to $39.77 from 52-week high of $74.40.

IStar Financial (SFI) Bad quarter, higher loan loss provisions. Tumbles to $7.30 from 52-week high of $42.40.

ArthroCare (ARTC) Company has to restate results, undermining buy-out possibility. Drops to $22.77 from 52-week high of $65.70.

Posted on: July 21, 2008 – 2:56 pm in HI/LOW, , ,

52-Week Low Club (T, CCE, CHB, EBAY, GGC, GLBL, IGT, PAA, RRI, SGLP, TXT, VCLK)

52_week_low_imageWe’ve had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo.  Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image). 

Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows.  One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows.  Some will continue hitting new lows over and over.

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Posted on: July 17, 2008 – 2:35 pm in HI/LOW, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ADS, COF, CTL, CSCO, CYMI, F, GM, BEN, GPS, GOOG, MKSI, TXT)

These are not all of the analyst calls affecting shares, but these are the initial calls we are focusing on early this Friday morning:

  • Alliance Data Systems (NYSE: ADS) Raised to Buy From Neutral at Piper Jaffray.
  • Capital One (NYSE: COF) Cut to Neutral from Buy at Piper Jaffray; Cut to Underperform from Market Perform at KBW.
  • CenturyTel (NYSE: CTL) Raised to Overweight at Morgan Stanley.
  • Cisco Systems (NASDAQ: CSCO) Started as Buy at Lazard.
  • Cymer (NASDAQ: CYMI) Cut to Neutral at JPMorgan.
  • Ford (NYSE: F) and GM (NYSE: GM) losses widened out at JPMorgan.
  • Franklin Resources (NYSE: BEN) cut to Underweight at JPMorgan.
  • Gap Inc (NYSE: GPS) Cut To Equalweight From Overweight at Lehman Brothers.
  • Google (NASDAQ: GOOG) raised to Buy at Jefferies; Merrill Lynch raised price target to $600.
  • MKS Instruments (NASDAQ: MKSI) raised to Overweight at JPMorgan.
  • Textron (NYSE: TXT) Cut to Neutral from Outperform at Credit Suisse.

Jon C. Ogg
April 18, 2008

Jon Ogg is a producer and editor of the Special Situation newsletter and the "10 Stocks Under $10" weekly newsletter for 247Wallst.com.

Posted on: April 18, 2008 – 6:53 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (MT, T, CRA, ELC, WFR, MSFT, OVTI, RDS, TEN, TXT)

These are not the only upgrades and downgrades on stocks this morning, but these are the main ones that 247WallSt.com is focusing on in early pre-market hours:

  • Arcelor Mittal (NYSE: MT) raised to Buy from Hold at Deutsche Bank; also raised to Buy from Hold at Citigroup.
  • AT&T (NYSE: T) downgraded to Buy from Hold at Citigroup.
  • Celera (NYSE: CRA) downgraded to Neutral at Piper Jaffray.
  • Emulex (NYSE: ELX) raised to Outperform at FBR.
  • MEMC (NYSE: WFR) raised to Buy from Neutral at Piper Jaffray.
  • Microsoft (NASDAQ: MSFT) estimates raised and target raised to $42 at Goldman Sachs.
  • OmniVision Tech (NASDAQ: OVTI) raised to Outperform from Neutral at Baird.
  • Royal Dutch Shell (NYSE: RDS-A) downgraded to Underweight from Neutral at JPMorgan.
  • Tenneco Inc. (NYSE: TEN) raised to Outperform at Bear Stearns.
  • Textron (NYSE: TXT) raised to Buy from Hold at Citigroup.

Jon C. Ogg
January 25, 2008

Posted on: January 25, 2008 – 7:27 am in Analyst Calls, , , , , , , , , ,

Largest Van der Moolen Specialist Stocks II (VDM, LAB, HUM, MBI, IP, MT, PFE, PHM, SAP, HOT, SYK, TXT, UA, WEN)

We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities and we’ve already covered some of the other key stocks where Van der Moolen acts as a Specialist in the underlying stocks.  What we wanted to look at is the underling stocks companies where Van der Moolen acts as a specialist to the companies.  The huge list can be found at http://www.vdm-usa.com/clients/alpha.asp off their web site.

Please be advised that these may have changed because we’ve already seen two merger stocks on the full list that are no longer traded.  This was taken from Van der Moolen’s site, so any errors there probably means they already laid off the I.T. editor for its web site.

Here are some of the key names for a second list: Humana Inc. (HUM), International Paper Co. (IP), MBIA Inc. (MBI), Mittal Steel Co. (MT), Pfizer Inc. (PFE), Pulte Homes Inc. (PHM), SAP A.G. (SAP), Starwood Hotels & Resorts Worldwide Inc. (HOT), Stryker Corp. (SYK), Textron Inc. (TXT), Under Armour, Inc. (UA), Wendy’s International Inc. (WEN)….  Also listed is LaBranche & Co. Inc. (LAB), which is a bit ironic seeing as that this is another specialist firm. 

Jon C. Ogg
November 15, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: November 15, 2007 – 9:47 am in Brokerage Firms, , , , , , , , , , , , , ,

Mutual Fund Year-End Window Dressing Meets FOMC Date (MSFT, CSCO, GOOG, AAPL, RIMM, VMW, EMC, KO, YUM, MCD, BIDU, CROX, DELL, SCI, GS, STT, NYX, TXT)

Wednesday is much more than Halloween and it is more than the FOMC announcement date.  We have an event that has been perhaps more influential to many key stocks than the upcoming announcement on Wednesday out of the FOMC.  The key event is that it coincides with being the fiscal year-end for most mutual funds out there.  There are many stocks that were prior beneficiaries of WINDOW DRESSING at the end of September, but this list may be far more important as the year-end names will appear in annual reports for mutual funds.  Oddly enough, these might not see the same love as the last quarter (see below).

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Posted on: October 30, 2007 – 2:16 pm in Annual Report, HI/LOW, Mutual Funds, , , , , , , , , , , , , , , , , , , , , , ,

Cramer’s Weak Dollar Play 2 (TXT, HON)

Another pick that Cramer gave on CNBC’s MAD MONEY tonight as the "escape from the dollar and the U.S. consumer" and corporate refugee series is:

  • Textron (NYSE:TXT) now at 40% of international sales coming from overseas and its exposure is still growing.

When Cramer read about Honeywell (NYSE:HON) he learned about a major aircraft spending coming more and more, and the Honeywell sales will help Textron as international demand for business jets will be more than in the US.  This will yield a fleet expansion or replacement phase of 38% and they want the Cessna planes from Textron.  The new military business budget also comes out tomorrow.  Textron could be a takeover target based upon its forward business that a foreign company could acquire.

Last night Cramer said Best Buy (NYSE:BBY) was the winner taking the weak dollar into its own hands.

Jon C. Ogg
September 25, 2007

Posted on: September 25, 2007 – 5:24 pm in Cramer, , , , , ,

Short Sellers Back Off Conglomerates, July 2007 (GE, MMM, UTX, TXT, BAM, PHG, SI)

If you look at the conglomerate short selling despite the actual rise in NYSE short selling, it appears that the short sellers finally decided that these large cap and mega-cap conglomerates were finally ready to hold their own in the stock market for the attention of investment dollars.  Anyhow, there are some exceptions, but by and large the results speak for themselves.

Based on information received from members and member organizations,short interest increased to 12,950,726,148 from 12,467,283,409 as ofJune 15, 2007.

CONGLOMERATE (TICKER)        JULY      JUNE      CHANGE
General Electric (GE)                     59.15M   59.90M    -1.26%
3M Co. (MMM)                                  8.57M      9.95M      -13%
United Tech (UTX)                          9.13M      7.87M     +15%   
Textron (TXT)                                    1.26M     1.52M       -16%
Brookfield Asset Mgmt. (BAM)       1.49M     1.00M      +49%   
Philips (PHG)                                    946K      995K         -5%
Siemens (SI)                                     623K      1.02M       -39%

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 20, 2007 – 3:31 am in Short Interest, , , , , , ,